Facebook is blowing up my phone today. Which isn't completely unusual. BUT - I wonder if it could be stock-price induced desperation? I cut my FB advertising Jan 2021 vs 2022 in half.
I don't really get how they make money either. I feel like Nextdoor has an audience they could monetize. But they only focus on homeowners. They need to allow people that own property in the metaverse to also join.
in sympathy w the FB's 25% meltdown, QCOM is down 5% this morning, despite that, yesterday, it had crushed its earnings/revenue/guidance #s still bullish on my March credit spread; and if i had more trading capital, i'd double down on it
I really shouldn't be surprised all these high flyers are down 50-60%...because when, for example, PINS had a crazy run last year..I thought to myself..why?!?! What goes up irrationally eventually comes down.
the company's been profitable for quite awhile now... fwd p/e is already down to 25, cheaper than msft.
I used to say the same thing about Google in the past. One of the reasons I never even bothered trying for their IPO was I stupidly said "it's a damn search engine... how much money could they possibly make off that?" It's also a reason I never really embraced Google Mail -- I didn't want to be knee-deep in their email service and have them say "You know what? We're done with this and moving on to other things." I can't have that with email. lol. Same thing with their phones, though I could work around that easier. They do that with so many things. The other thing is that 99% of people probably don't even know about 95% of the crap they put out, which is kinda sad, too : https://en.wikipedia.org/wiki/List_of_Google_products But... it's also one of the reasons people love the stock -- they go for homerun after homerun after homerun ... if they don't get it, they just move on. They have a lot of moonshot attempts other companies don't even attempt because 1) they have the brainpower 2) they have the financial resources. They don't usually rest on their laurels. Other companies piss people off because they just sit on their cash hoard, but with Google, you at least know they're attempting stuff.
I often say the same things about crypto, most EV stocks, the Sacramento Kings, Dickey's BBQ, etc. Because ... humans.
lol. They supposedly had great quarterly profits for the first time. Talk about whipsaw action. Wow. It's also one reason I don't daytrade (any more).
Hmm... from poking around, they're raising Amazon Prime subscription rate from $119 to $139. That sucks.
w a Q1 guidance miss, tho profitable, AMZN's ERS is not as impressive as GOOGL, nor QCOM, nor MSFT, nor AAPL but after hours trading has pushed AMZN's price up ~410 (~16%) to ~ 3,100; i think this is a head fake; placed an order to sell a bearish CALL spread, for a credit @ 50% of the size of the spread. plus 5 cents, using Mar 25 expiration bto 3,170 strike CALL, sto 3,200 strike CALL for a credit of $15.05, which defines my max risk to be $14.95
if your investment time horizon is a year or less, you're not gonna make it try looking at bitcoin returns held for 3 years or more (no matter when you originally bought), it outperforms everything
